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Maria Margarita

Update on Maria Margarita

María Margarita, 45, is from the department of Chinandega. She's married and has five children, ages 26, 24, 22, 19, and 14. She's still responsible for the youngest child because he's a student and a minor.

María Margarita's economic activities are a store, a mill, pool, and pig sales. Her business, which she has carried out for 28 years, is located in her house. She learned it many years ago as a worker in a friend's store, and later she started her own business with some family savings. Currently it's her means of support.

María Margarita has already worked with the foundation and has shown herself to be responsible. She makes her payments punctually. With the loan she'll invest in working capital to stock her store and give her customers better service. She needs to buy staples, canned juice, soap, milk, cheese, and curd.

She's grateful for the help that Kiva lenders give to low-income people and poor countries like Nicaragua for them to have a decent means of work.
View original language description ↓
María Margarita de 45 anos de edad, casada, del departamento de Chinandega, con 5 hijos en las edades comprendidas de 26, 24, 22, 19,14. El hijo menor es el que esta bajo su responsabilidad porque esta estudiando y es menor de edad. María Margarita sus actividades económicas son: pulpería, molino, billares, y venta de cerdos. En el cual se ha desempeñado desde hace 28 anos. El negocio lo tiene ubicado e su casa de habitación. Negocio que lo aprendió hace muchos anos como trabajadora en una pulpería de una amiga, y luego con unos ahorros familiares inicio su propio negocio que en la actualidad ha sido su medio de vida. La Sra. María Margarita ya ha trabajado con fundación y ha demostrado ser responsable, buena paga en tiempo y forma. Con el financiamiento invertirá en capital de trabajo para surtir su pulpería y ofrecer mejor servicios a sus clientes. Ella necesita comprar granos básicos, jugos enlatados, jabón, leche, queso, cuajada. La Sra. agradece la ayuda que le brindan los inversionistas kiva a personas de escasos recursos y países pobre como es Nicaragua para tener un medio de trabajo digno.

Previous Loan Details

Maria Margarita has worked in her small grocery store for 27 years. However, she has had difficulties such as health problems like rheumatism pain that kept her from opening her store. She wants to better supply her business so she can have more customers and be able to offer them other produ... More from Maria Margarita's previous loan »

Additional Information

Fundación Leon 2000

This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Nicaragua

  • $4,800
    Average annual income
  • 64
    View loans »
    Nicaragua Loans Fundraising
  • $25,382,700
    Funds lent in using Kiva
  • 23.8
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Maria Margarita to buy basic necessities to stock her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 19, 2012
Sep 28, 2012
Currency Exchange Loss:
Sep 17, 2013